12 among 85 enterprises being equitized in 2018

According to the latest report from the Ministry of Finance, 12 among 85 enterprises have been approved the equitization plan by authorities with total value of VND 29.7 trillion, of which state capital reached at VND 15.4 trillion by the end of November 2018.

12 among 85 enterprises being equitized in 2018

The progress is slow in compared with this year’s plan with expectation of at least 85 enterprises to be equitizated 

The Ministry of Finance also said that 21 enterprises sold their shares for the first time with total public auction value of VND 13.8 trillion, earning VND 21.6 trillion. 

There have been 35 enterprises being approved for restructuring according to the Prime Minister's Decision No. 707/QĐ-TTg dated on 25 May, 2017.

By the end of November 2018, 7 among 62 enterprises were transferred to State Capital Investment Corporation (SCIC) with the total value of state capital of VND 206 billion in accordance with Decision No. 1232/QĐ-TTg dated on August 17, 2017 of the Prime Minister.

The number of enterprises have to hand over to SCIC based on the regulation is 35 out of 62. Corporations and groups have withdrawn VND 5 trillion, earning VND 10.5 trillion.

Source: chinhphu.vn- Translated by Huyen Huong

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